/KASE, August 13, 2019/ – Freedom Holding Corp. (Salt Lake City), whose shares
are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE
with the following communiqué:
quote
Freedom Holding Corp. (hereinafter – the "Holding"), a leading retail broker and
investment bank in Central Asia, announces financial results of the first
quarter of the fiscal year 2020 ended June 30, 2019.
Highlights of said period:
1) Revenues in the amount of $29.2 mln increased by 295%, or $21.8 mln, YoY
on account of:
- a rise in fees in the first quarter by 316%, or $17.2 mln – from $5.4 mln to
$22.6 mln
- rise in revenues from transactions in own assets by $5.9 YoY that
emerged as a result of a change in the market value of some positions
on securities during the first quarter ended June 30, 2019.
2) Expenses rose by $5.1 mln, or 35%, due to:
- an increase in operating expenses by $3.6 mln, mainly on overheads as
a result of an expansion of operations and opening of branches
- an increase in fee expenses by $3.3 mln after a rise in the number of
clients and the amount of their transactions in the first quarter.
3) Net income increased by $15.1 mln: from a net loss of 6.9 mln to a net
income of $8.2 mln.
4) Earnings per share of $0.14, calculated based on the weighted average
number of shares of 58 mln pieces, increased by $0.26 compared with the
loss per share of $0.12.
5) Other total income in the amount of $8.9 mln changed by $22.5 mln
compared with the other total loss in the amount of $13.6 mln in the first
quarter ended June 30, 2018.
6) Assets and liabilities of the holding in the first quarter rose by $78.2 mln
and $70.0 mln, respectively.
unquote
The full communiqué is available on–
http://kase.kz/files/emitters/US_FRHC/us_frhc_reliz_120819_1.pdf
[2019-08-13]